05 August 2014

With Eid holidays
concluding and government offices, banks, and end-buyers all back to work, it
was expected that levels in Bangladesh would pick up once again. It has
however, been a slow start so far without any marked improvement.

As such, few
vessels are likely to end up in Bangladesh in the face of rampant interest from
Pakistan (in particular) and comparatively more interest in India.

At present, prices
are almost USD 20 per LT LDT from their sub-continent neighbors, and for such a
difference in price, many owners would rather position their vessels to India
Pakistan, something that could well see Bangladesh buyers continue to miss out
on their share of market tonnage.

One small vessel
was concluded for the week at what appears to be a speculative price, with the
general cargo / tween unit SEA WORKER (1,991 LDT) fixed at USD 445 per LT LDT
from Russian owners.